emergency cash immediately with bad credit
emergency cash immediately with bad credit

Emergency Payday Loans

  • No impact on your credit score
  • Perfect for emergencies
  • Easy online application form
  • Payday and installment loans
  • Quick funding in one business day
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Written by Latoria Williams

Why Trust Us?

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1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.

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Each our article is reviewed by leading industry experts and updated regularly. We ensure accuracy and currency through daily audits and automated updates. Learn more about our editorial standards.

Why Trust Us?

Close

1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.

|

Fact-Checked

Close

Each our article is reviewed by leading industry experts and updated regularly. We ensure accuracy and currency through daily audits and automated updates. Learn more about our editorial standards.

Do you face unexpected expenses and need money as soon as possible? 1F Cash Advance helps you in an emergency. You can get a fast direct deposit by applying online on our website. Just fill out the loan application form and submit it. Receive an almost instant approval decision.

What is an Emergency Loan?

If you find yourself short on cash when something unplanned happens, a personal emergency loan is the quick fix you need. These loans give you a lump sum upfront to cover those surprise expenses your emergency fund can’t handle.

Since they’re usually unsecured, they are less riskier for borrowers while being available for all credit scores. However, these loans carry higher interest rates. Some emergency loans are structured into monthly payments, including interest and fees, while others may require lump-sum repayment.

What Can I Use an Emergency Loan For?

Consumers may spend an emergency loan for a wide variety of expenses, but the most common are:

  • Home improvements
  • Car repairs
  • Unplanned medical bills

What Loans for Emergencies Can You Borrow with 1F Cash Advance?

1F Cash Advance provides several loan products to help you in an emergency. Choose the one that fits your financial needs.

Payday Loans

Payday loans allow people to borrow small amounts of cash for short periods. Depending on your state and lender, you can get up to $500 or $1,000. The loans are structured to be paid back on your next paycheck. The repayment terms vary between 14 and 31 days. These small loans come with high-interest rates, averaging around 375% APR.

Installment Loans

Installment loans let you borrow up to $5,000. The total amount you owe gets split up by the repayment term. Usually, it can be between 3 and 24 months. Therefore, these loans are more flexible than payday loans because the payments are more minor. They work better if you need to cover long-term needs.

What You Need to Apply?

To apply for an emergency loan, you need the following:

  • Prove your age with the ID card;
  • Show your US citizenship or permanent residence;
  • Have an active bank account;
  • Bring pay stubs and bank statements that show your steady income;
  • Provide your email address and phone number.

apply for a loan for emergencies

How Fast Can I Get Emergency Cash?

Emergency loan places quickly provide funds when you’re in a money crisis. Some online lenders will review your request, perform a soft credit check, and deposit the cash in your bank account the same day. Others may approve your loan and get you the money by the next business day.

Other Emergency Loans

To be entirely informed, check other types of emergency loans:

Car Title Loans

To get a car title loan, you use your car as collateral. The lender will look at your car, put a value on it, and offer you a loan that’s a percentage of that value. If your car is worth $5,000, they may give you a loan for about $2,000, depending on your income and credit score. If you can’t pay it back, the lender can repossess your car since you cease to own the title until the loan is paid off.

Pawn Shop Loans

A pawn shop loan works straightforwardly. Someone who needs some quick cash brings an item of value (jewelry, a phone, a watch, etc.) into a pawn shop. The pawnbroker checks out the item and makes an offer for a cash loan that’s usually way less than what the thing is worth. If the owner agrees to the loan amount, they leave there with the cash. You can get your belongings back if you repay the loan principal and interest. The repayment terms are usually 30 to 60 days.

PALs (Payday Alternative Loans)

Payday alternative loans, or PALs, are short-term loans that some federal credit unions give out instead of the usual high-cost payday loans. The difference is that they typically have much lower interest rates (up to 28%) and better terms for borrowers (up to 12 months). The credit unions designed these loans to help people who urgently need cash for emergencies but have bad credit.

Credit Card Cash Advances

A credit card cash advance lets you take out cash using your card. Credit card companies allow cardholders to get money from an ATM or bank teller. It is a separate loan against your regular credit card balance. The cash advance limit might be lower, and it comes with higher fees and interest rates than those on regular purchases.

Borrowing from Friends and Family

Borrowing money from friends or family may help when you need cash quickly. You don’t have to fill out paperwork or wait for loan approval like at a bank. You might get a better deal on the interest rate, even zero percent. Ensure everyone understands and agrees on the terms upfront so there’s no room for misunderstandings later.

Why Use 1F Cash Advance in an Emergency

Direct deposit in 24 hours

If an emergency happens, you can get the money quickly without worsening the situation.

Personalized customer approach

Solving your financial difficulties is our main priority. Our team is here 24/7 to help you go through the borrowing process.

Safe borrowing experience

We use SSL encryption to ensure the security of your personal data.

FAQ

What credit score do I need to get a personal loan for emergencies?

You don’t need a good rating because our direct lenders don’t have a minimum credit score requirement. You can apply even with a 300 credit score or with no credit at all.

Can I get emergency payday loans for bad credit?

Of course, but the interest rates will be higher than those for good credit.

How to get an emergency personal loan?

To get an emergency personal loan, you can apply on our website and make your request visible to a wide range of lenders. It is 100% free with us; you’ll pay only the lender’s rates and fees.

How much does an emergency cash loan cost?

The costs of emergency cash loans vary by lender and state. Some options charge a flat fee of $10 - $30 for every $100 borrowed. Others have APRs between 16% and 100%.

When will I receive an approval decision?

In most cases, you will receive an approval decision on the same day you apply.